Commercial Real Estate Market in Fort Smith, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
245 active listings and 4,281 off-market properties in Fort Smith, AR. Commercial property asks $95/SF to buy and $15.96/SF/Yr to lease.
Market Trends
Fort Smith, AR spans 98.5 square miles in Sebastian County, Arkansas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Fort Smith, AR has a median asking sale price of $95/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Fort Smith, AR has a median asking sale price of $103/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Fort Smith, AR has a median asking sale price of $68/SF. Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Fort Smith, AR has a median asking sale price of $93/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Fort Smith, AR has 93,160 residents in 41,916 households. Density runs 945 people per square mile. Median household income here is $55,833 and median gross rent $872 a month.
Tools
Nearby Markets
Commercial property in Fort Smith, AR asks $95/SF. The 2 bordering markets run from $101/SF in Van Buren to $102/SF in Greenwood, and the city sits below their $102/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Fort Smith?
How much does it cost to lease commercial space in Fort Smith?
How does Fort Smith compare to nearby markets on price?
Where does Realmo's Fort Smith market data come from?
Methodology & data sources
- Asking prices and medians
- There are 153 active for-sale and 92 active for-lease listings in Fort Smith, AR. The medians are based on 95 of the for-sale and 37 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
